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15 important things you should know about Allianz Global Investors AZICX mutual fund

Updated: September 27, 2020
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for AZICX “stock” price, you can quickly find it out by visiting Finny and typing "AZICX quote". If you’re looking for a quick scoop on AZICX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AZICX". You’ll get all this info in one place.

Are you looking to buy or sell AZICX? Or perhaps you’re looking for AZICX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this AZICX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: AZICX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: AZICX buy or sell; the pros and cons of investing in AZICX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to AZICX.

And here is the list of questions we’ll answer:

  1. Describe Allianz Funds Multi-Strategy Trust: AllianzGI Structured Return Fund; Class C Shares (AZICX).
  2. What are AZICX holdings?
  3. What is AZICX performance? What are AZICX historical returns?
  4. How many up and down years did AZICX have historically?
  5. What is AZICX dividend yield?
  6. What is AZICX minimum initial investment amount?
  7. What is AZICX expense ratio?
  8. Does AZICX have any sales loads or 12b-1 distribution expenses?
  9. What is AZICX tax efficiency (tax-cost ratio)?
  10. What is AZICX beta? How would you assess AZICX risk?
  11. What is AZICX Sharpe ratio?
  12. What is AZICX Finny Score? AZICX buy or sell?
  13. What are the pros of investing in AZICX? What are AZICX buy reasons?
  14. What are the cons of investing in AZICX? What are AZICX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Allianz Funds Multi-Strategy Trust: AllianzGI Structured Return Fund; Class C Shares (AZICX).

The Fund seeks to generate attractive risk-adjusted absolute returns through a complete market cycle. The fund seeks to achieve its investment objective by investing significantly in exchange-traded listed and FLEX US equity index options, while holding cash and cash equivalents as collateral for option investments.

2. What are AZICX top holdings?

AZICX has 0 stock holdings and 0 bond holdings.

The top 4 holdings represent 0.72% of total assets. Here are the top holdings:

Name Symbol % Assets
Option on CBOE Volatility Aug20 N/A 0.27%
S&P 500 Put Jun20 N/A 0.22%
Option on S&P 500 Jun20 N/A 0.12%
Option on S&P 500 Aug20 N/A 0.11%

3. What is AZICX performance? What are AZICX historical returns?

AZICX has generated the following returns:

  • 1-month return is -0.70%;
  • 3-month return is 2.39%;
  • 1-year return is -33.92%;
  • 3-year return is -11.65%;
  • 5-year return is -5.67%.

4. How many up and down years did AZICX have historically?

In the last 10 years, AZICX had 9 up years and 1 down year.

AZICX up and down years

5. What is AZICX dividend yield?

AZICX yield is 0.85%.

6. What is AZICX minimum initial investment amount?

AZICX minimum initial investment amount is $1.00K.

7. What is AZICX expense ratio?

AZICX expense ratio is 1.82%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AZICX expenses

8. Does AZICX have any sales loads or 12b-1 distribution expenses?

AZICX 12b-1 distribution fee is 1. AZICX front-end sales load is 0. AZICX back-end sales load is 1.

9. What is AZICX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.47%;
  • 3-year ax cost ratio is 1.18%.
AZICX tax costs

10. What is AZICX beta? How would you assess AZICX risk?

  • 3-year beta is 0.64;
  • 5-year beta is 0.54.
AZICX Beta

11. What is AZICX Sharpe ratio?

  • 3-year Sharpe ratio is -0.71;
  • 5-year Sharpe ratio is -0.47.
AZICX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 5 reasons to sell it, resulting in the Finny Score of 0.

13. What are the pros of investing in AZICX? What are AZICX buy reasons?

We don't see any strong reasons to buy AZICX.

14. What are the cons of investing in AZICX? What are AZICX negatives?

The following are AZICX weaknesses from our perspective:

  • <strong>AZICX net assets</strong> are $11.60 million. This fund is not a popular choice with retail investors.
  • <strong>AZICX 3-year return</strong> is -11.65%, which is lower than the 3-year return of the benchmark index (ICE BofA US 3-Month Treasury Bill TR USD), 1.7%.
  • <strong>AZICX 5-year return</strong> is -5.67%, which is lower than the 5-year return of the benchmark index (ICE BofA US 3-Month Treasury Bill TR USD), 1.2%.
  • <strong>AZICX expense ratio</strong> is 1.82%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
In the AZICX review, we covered AZICX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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